First American Bank Sells 12,350 Shares of Accenture PLC $ACN

First American Bank lowered its stake in shares of Accenture PLC (NYSE:ACN) by 25.7% during the first quarter, HoldingsChannel reports. The fund owned 35,770 shares of the information technology services provider’s stock after selling 12,350 shares during the quarter. First American Bank’s holdings in Accenture were worth $7,093,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in ACN. Brighton Jones LLC lifted its position in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares during the period. Sivia Capital Partners LLC increased its stake in Accenture by 46.9% in the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after acquiring an additional 660 shares during the period. United Bank boosted its holdings in Accenture by 49.8% during the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 1,209 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Accenture by 23.0% during the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock worth $247,000 after buying an additional 155 shares during the period. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of Accenture by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after acquiring an additional 72 shares during the period. Institutional investors own 75.14% of the company’s stock.

Trending Headlines about Accenture

Here are the key news stories impacting Accenture this week:

• Positive Sentiment: Accenture announced a $2.0 billion share repurchase expansion, a signal management sees the stock as undervalued and a support for shareholder returns.
• Positive Sentiment: New business wins and strategic AI-related partnerships, including a software-defined commercial vehicle agreement with Coretura and AI collaborations with Adobe, show Accenture remains active in high-growth transformation projects.
• Positive Sentiment: Several articles argued the recent drop may be creating a long-term buying opportunity, with valuation-focused coverage pointing to potential upside and a DCF-based fair value estimate well above the current price.
• Neutral Sentiment: Recent analysis highlighted Accenture’s international revenue trends as an important factor for Wall Street analysts, suggesting the global mix of business could help or hurt future estimates depending on regional demand.
• Neutral Sentiment: Analyst updates were mixed: DA Davidson and Mizuho both cut price targets, but each kept constructive ratings on the stock, indicating lowered expectations rather than a fully bearish stance.
• Negative Sentiment: Coverage continues to emphasize AI-related disruption concerns and weaker bookings, which are the main reasons investors are reassessing Accenture’s near-term revenue growth and valuation.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ACN shares. Citigroup dropped their target price on shares of Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. William Blair cut shares of Accenture from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 18th. Mizuho decreased their price target on Accenture from $280.00 to $226.00 and set an “outperform” rating on the stock in a research report on Tuesday. Robert W. Baird set a $190.00 price target on Accenture in a report on Thursday, June 18th. Finally, Susquehanna cut their price objective on Accenture from $186.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $196.85.

Accenture Stock Performance

Shares of Accenture stock opened at $129.10 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a 50 day simple moving average of $173.22 and a 200 day simple moving average of $215.09. Accenture PLC has a fifty-two week low of $118.15 and a fifty-two week high of $307.77. The firm has a market cap of $85.91 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.26 and a beta of 1.08.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 18th. The information technology services provider reported $3.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.10. The firm had revenue of $18.72 billion for the quarter, compared to the consensus estimate of $18.78 billion. Accenture had a return on equity of 26.47% and a net margin of 10.66%.The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.49 EPS. Accenture has set its FY 2026 guidance at 13.780-13.900 EPS. Sell-side analysts predict that Accenture PLC will post 13.84 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 9th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Thursday, July 9th. This represents a $6.52 dividend on an annualized basis and a yield of 5.1%. Accenture’s dividend payout ratio (DPR) is presently 52.08%.

Accenture announced that its board has approved a share repurchase plan on Tuesday, June 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the information technology services provider to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Accenture Company Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.